Rural Funds Group Announces Consolidated Earnings Results for the Six Months Ended December 31, 2018
February 20, 2019 at 05:38 pm EST
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Rural Funds Group announced consolidated earnings results for the six months ended December 31, 2018. For the period, the company reported revenue was AUD 30,700,000 against AUD 24,141,000 a year ago. Net profit after income tax was AUD 18,408,000 against AUD 16,749,000 a year ago. Basic and diluted earnings per stapled unit was 5.78 cent against 6.58 cent a year ago.
Rural Funds Group is an Australia-based real estate investment trust (REIT). The Company owns a diversified portfolio of agricultural assets that are leased predominantly to corporate agricultural operators. It is primarily engaged in the development and leasing of agricultural properties and equipment. The Company leases almond orchards, macadamia orchards, vineyards, cattle properties, cropping properties, agricultural plants and equipment, cattle, and water rights. The Company holds three almond orchards approximately 4,068 planted hectares; six vineyards approximately 636 planted hectares; 13 macadamia orchards approximately 1,906 planted hectares; seven properties with areas to be developed into macadamia orchards with 2,520 hectares; 23 cattle properties made up of 18 breeding, backgrounding, and finishing properties and five cattle feedlots with a combined capacity of 150,000 head, and 15 cropping properties approximately 14,573 hectares.
RURAL FUNDS GROUP 
